Poonawalla Fincorp announced on March 27, 2026, the approval for granting 10,00,000 stock options to eligible employees under the ‘Employee Stock Option Plan-2024 – Scheme- II’ (Tranche – 39). The options were granted at a fixed exercise price of Rs. 387.95 per share. This move aligns with the company’s commitment to rewarding its workforce as per established employee benefit regulations and vesting schedules.
Stock Option Grant Approval
Poonawalla Fincorp Limited officially informed the stock exchanges regarding the approval of stock options for its employees. The decision was ratified by the Nomination and Remuneration Committee of the Board of Directors on March 27, 2026.
Key Details of the ESOP Grant
The total number of stock options granted under the ESOP-2024 – Scheme-II, specifically under Tranche – 39, amounts to 10,00,000 units. These options are allocated to the eligible employee(s) of the Company.
- Exercise Price: The fixed exercise price for these options is set at Rs. 387.95 per share.
- Vesting Schedule: The vesting of these stock options will proceed according to the schedule detailed within the ESOP – 2024- Scheme- II document.
Regulatory Compliance
The company confirmed that this grant of stock options is fully compliant with the provisions outlined in the SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021, as amended from time to time. The announcement serves as required disclosure under the SEBI Listing Regulations.
Source: BSE
